Gemstar Shows Off Its New Media Side

With the venerable TV Guide magazine continuing to lose revenue, parent company Gemstar-TV Guide is increasingly counting on the electronic side of its business: interactive program guides and the TV Guide Channel. The company has even raised the possibility of eliminating the magazine, although they said it was only one possibility among many.

In a conference call to analysts, CEO Richard Battista spelled out a number of initiatives designed to put the company’s interactive program guides in more households, launch a VOD service and even expand its network that capitalizes on horse-race wagering.